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Franklin Templeton shuts trio of funds as it prepares new launches

Franklin Templeton Investments is closing a trio of Oeic funds as it prepares to roll out new launches. The £8m Franklin Strategic Bond fund, the £4m Franklin Diversified Growth fund and £17m Franklin Diversified Income fund will be closed on 15 December, “due to the small size of the funds”. “We regularly review our fund […]

Woodford rejects OBR forecasts in Autumn Budget

Neil Woodford has rejected gloomy UK growth forecasts from the Office for Budget Responsibility revealed in yesterday’s budget, arguing the country is on track to achieve annual growth around 2 per cent. According to the OBR, growth this year will be 1.5 per cent, and fall to 1.4 per cent in 2018. Through 2019 and […]

Autumn Budget: Growth revised down as productivity stalls

Productivity growth continues to be stagnant, resulting in the lowering of growth forecasts, Chancellor Philip Hammond has announced in his Budget today. Hammond announced that the productivity estimates from the Office for Budget Responsibility had remained “stubbornly flat”, meaning that GDP growth will have to be revised down. In 2017, growth is now expected to […]

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